Mission-Critical Cloud Storage Market To Double To Top $103 Billion By 2028
RCRWirelessNews, Friday, August 16th, 2024
Another day, another forecast; this one from Informa-owned analyst company Omdia, which says global market revenue from 'mission-critical' data centre storage will reach $103 billion by 2028.
The projected growth is down to more sales and higher prices, it said, as digital transformation extends across the global economy, and enterprises seek expanded cloud storage and computing to manage company workloads.
It is unclear from the press note whether the market is actually for 'mission-critical' cloud storage in the Industry 4.0 sense, or whether it is simply a review of the cloud storage market at large, and the term is being used to reflect the higher perceived 'mission-critical' value of cloud services as enterprises stake more on their digital-change efforts. Either way, the message is that a surge is coming - to the point annual sales will almost double.